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This timely volume provides a second collection of Thomas
Humphrey's papers in the area of the history of economic thought
and is a long-awaited companion to his critically acclaimed first
volume of essays Money, Banking and Inflation. Unlike the first
volume, this book does not focus specifically on traditional
central bank concerns but addresses key concepts, theories and
tools in the area of money, exchange and production which have
proved indispensable to the development of economics. Each essay
focuses on a prominent theory or tool, examines its essential
elements, identifies its origins and traces its development across
a succession of economists, problems, controversies and
applications. In this way, the book shows how the history of
economic thought can be illustrated through the development of
tools and concepts rather than through schools of thought and
prominent individuals. This outstanding collection will be
invaluable to historians of economic thought as well as to students
and scholars of methodology, philosophy and monetary and financial
economics.
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